Man.Assd.Csh Share Discussion Threads

[martylangan] 24/9/2009 14:53

Ignoring all the potential unexplored territory, what value would you place on the current in the ground resources? I.e the 1,077m tonnes of iron ore?

[seanspooner] 24/9/2009 11:08

topped this morning with another 32k. More buys/sells on plus that are not showing on monitor, but not really great volume. Its time will come.

[miamisteve] 24/9/2009 09:22

There's 4 mm's on the offer at 8.75p, so will take a few more buys to push up to 9p. Possibly this afternoon, if canadian demand is as strong as yesterday.

[newswseller] 24/9/2009 08:49

Anyone have any ideas about the late trade reported after hours yesterday only 150k shares but @9p.. Would have thought the ask would have opened at 9p?

[chrisis33] 23/9/2009 23:40

These look massively undervalued on fundamentals, but I'd be interested to hear any thoughts on Liberia from longer term holders here - is it supportive of mining, does it have a mature mining industry, is it politically stable at present? Not the most high-profile country as demonstrated by the fact that as you type 'Liberia' into google, the first option presented is 'Liberian Girl'. lol.

Still, MANA looks a steal at this price. I'll post up anything I find.

[miamisteve] 23/9/2009 21:10

9p trade gone through after hrs. Think this merger is being very well received.

Judging by the activity in canada. AAZ actually had a greater institutional shareholding base, so should give the putu story more exposure.

Noticed that the Evolution note on the website has been removed. Expect the broker will be preparing an update. last one had a target price of 18p based on Putu at 400mt Fe. Looking like they will have over 10x that resource figure.

[biggerthus] 23/9/2009 17:50

AAZ 22% up in Canada at the mo

[bsg] 23/9/2009 16:00

VOLUME in Canada again on both AAZ and MNO.

[miamisteve] 23/9/2009 11:47

Take a look at AMI chart. 10 bagging since the beginning of the year on the back solely of it Iron Ore story in Sierra Leone.

I'm not ruling out a similar rerating here as the potential of Putu materialises to the markets.

[haff1] 22/9/2009 11:43

...patience is an investor...(as well as a virtue)

[leapinn] 22/9/2009 11:42

Perhaps it is the Canadian investors they are trying to get on board with the new name......

[bsg] 22/9/2009 11:37

All this good news and it still will not stay up ! Good for the brave who trade it.

[leapinn] 22/9/2009 09:32

Me 2 - been in Mano for 7 years or so.


There is "African this" and "African that" all over AIM - so boring and no help in standing out in investors' minds.....

[arf dysg] 22/9/2009 09:28

I still like the name Mano River Resources. It's based on something real, i.e. a river.

[mallorca 9] 22/9/2009 09:19

This one looks to have run out of steam Hyper, and GOO is about to head up.

[miamisteve] 22/9/2009 08:17

The company has stated their desire to diversify further throughout africa.

The AAZ merger brings in Cameroon and also a uranium interest.

I would not be surprised if a severstal deal similar to Putu is struck for the iron ore licence in Cameroon now.

Level 2 showing demand for the stock currently 4 vs 1

[bageo] 21/9/2009 20:40

Mano is a very good name for a company (as they were) operating in Liberia, Sierra Leone, Guinea as these are the Mano River Union. Due to the wider assets with the merger adopting the African Aura name is sensible.

[newswseller] 21/9/2009 18:58

MANO RIVER RESOURCES INC up 33% on TSX

[biggerthus] 21/9/2009 18:28

I personally like the name Mano River - has a 'woody' sound to it ala Monty Python ;)
And I hope we don't lose the symbol MANA .... very good karma in the Pacific.

[miamisteve] 21/9/2009 18:07

AAZ should now be pegged to MNO, MANA share price.

With 1 AAZ = 1.57 MANA

At consolidation the company will change name to

African Aura Mining - which does sound a little less weird than mano river.

I noticed that the evolution february broker buy note has been pulled from the companies website. That at the time had an 18p target price base on 400mt of iron ore at putu. I suspect that an updated note will materialise shortly, post merger.

[biggerthus] 21/9/2009 16:49

bsg: yep, AAZ +19% currently.

[bsg] 21/9/2009 15:56

AAZ and MNO in Canada up strongly at the moment.

[newswseller] 21/9/2009 15:37

thanks for the usefull info

[miamisteve] 21/9/2009 15:32

Well seriously had to pinch myself when I came across this company.

Was scouting for gold plays, but the iron ore potential here is breath taking.

I spoke with the company and received a very positive impression.

The 2.6km of Putu that has been analysed with a reserve base of 1077mt also have an estimated additional 364mt below.

I asked the company if that 2.6km stretch was the first because it was the most prospective area and they categorically said no. That 2.6km was studied because it was accessible and had already had some initial drilling. The rest could yield more, could yield less pro rata. My instinct would be on the upside though with the taller planes being the less accessible and containing a deeper reserve base.

Extrapolating the 1077mt + 364mt for the full 12km would give a staggering 6.65mt. There is a second much larger ridge that has yet to drilled. Lets leave that out of the equation though.

I asked about the $1 a tonne average transactions for iron ore reserves that had been set and was quoted in the evolution buy note, and was explained that many were made during the commodities boom and were in incomparable geographical locations.

Was told African Minerals in neighbouring Sierra leone was more in the ballpark. Their current mkt cap. is £820m. Which incidentally I feel has a lot further to run.

This company is aiming for 10bt by the year end. Lets say that MANO hit 6bt (so 60%) and have only 38.5% rights to their licence, then we are looking at an all things being equal market cap. of £189m for MANA. After the African Aura merger they will be on around £35m mkt cap at the current 8.6p share price. Giving my medium term target of 47p.

[hyper al] 21/9/2009 10:56

Looks like we have a large buy order in, someone mopping up.